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Hoffbrau Granbury 315 E US Highway 377 4,092 SF Retail Building Granbury, TX 76048 $3,202,441 ($782.61/SF) 7.25% Cap Rate
Investment Highlights
- Prime frontage along US Hwy 377, the dominant retail thoroughfare in Granbury
- Population growth projected at 13.28% within the next 5 years
- Positioned amongst major anchors: Walmart, Home Depot, Starbucks, Lowe's and Chick-fil-A
Executive Summary
Hoffbrau Granbury has been operating for 15+ years at this location. Double net asset with Landlord only responsible for roof, structure and parking lot allowing for consistent passive income. Annual rent increases throughout the remaining 13 years of the lease. No state income tax
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,092 SF
Building Class
B
Year Built
2007
Price
$3,202,441
Price Per SF
$782.61
Cap Rate
7.25%
NOI
$232,177
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.17 AC
Zoning
F1
Parking
93 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
217’ on East US Highway 377
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R000099564 | Improvements Assessment | $502,180 |
| Land Assessment | $1,224,220 | Total Assessment | $1,726,400 |
Property Taxes
Parcel Number
R000099564
Land Assessment
$1,224,220
Improvements Assessment
$502,180
Total Assessment
$1,726,400
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Hoffbrau Granbury | 315 E US Highway 377
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